2024-25 Financial Analyst (K-12 Charter Schools)

$120,000 - $140,000/Yr

Magnolia Educational & Research Foundation - Los Angeles, CA

Full-time - Mid Level

Los Angeles, CA

Professional, Scientific, and Technical Services

About the position

The Financial Analyst will support the financial planning and analysis activities of the Magnolia Educational & Research Foundation, focusing on K-12 charter schools. This role involves budget development, financial projections, monitoring facility projects, and reconciling school bond accounts. The analyst will also create debt and amortization schedules, generate custom reports, and assist with audit activities, ensuring compliance with financial regulations and organizational goals.

Responsibilities

• Collaborate with department heads and finance teams to develop annual budgets.
• Analyze budget proposals and provide recommendations for optimization.
• Ensure alignment of budget plans with organizational goals and financial objectives.
• Develop and maintain financial projections to aid in strategic planning.
• Analyze historical financial data and trends to forecast future financial performance.
• Update projections regularly to reflect changes in assumptions and financial conditions.
• Track and monitor the financial progress of facility projects.
• Ensure accurate and timely reporting of project costs and expenditures.
• Provide financial analysis and support for decision-making related to facility projects.
• Perform regular reconciliations of school bond accounts to ensure accuracy and completeness.
• Investigate and resolve discrepancies in bond account transactions.
• Maintain detailed records of bond account activities.
• Create and maintain debt schedules for all organizational borrowings.
• Develop and update amortization schedules to track principal and interest payments.
• Ensure compliance with debt covenants and reporting requirements.
• Generate custom financial reports for various sites to assist with fund management.
• Provide insights and recommendations based on report findings.
• Ensure reports are tailored to meet the specific needs of each site.
• Assist with internal and external audits by providing necessary documentation and information.
• Ensure compliance with audit requirements and address any audit findings promptly.
• Collaborate with auditors to facilitate a smooth and efficient audit process.
• Maintain comprehensive documentation of facility costs and project expenditures.
• Provide accurate and timely information for reporting and audit purposes.
• Support management in tracking and controlling facility-related costs.
• Assist in the preparation and filing of annual tax returns.
• Ensure compliance with all relevant tax laws and regulations.
• Coordinate with external tax advisors and auditors as needed.
• Assist Accounts Payable with tasks such as processing payments and purchasing as needed.
• Perform any other duties as assigned by the CFO and Senior Controller to support the overall financial management and strategic objectives of the organization.

Requirements

• Bachelor's degree in Finance, Accounting, Economics, or related field; MBA or relevant certification preferred.
• Minimum of 5 years of experience in financial analysis, budgeting, and financial planning.
• Strong analytical and problem-solving skills.
• Proficiency in financial modeling and forecasting techniques.
• Experience with financial software and ERP systems.
• Excellent communication and interpersonal skills.
• Ability to work independently and collaboratively in a team environment.
• Attention to detail and high level of accuracy in financial reporting.